Palladium Price per kg (United States)

At $41,504, the price is at its lowest in the past 12 months.

In the past year the monthly price has moved between $41,504 and $53,837.

Measured over longer windows, palladium is +12.8% on the year and −51.6% over five years.

Palladium (Pd) earns most of its demand in autocatalysts for petrol cars and hybrids, where it converts harmful exhaust gases into less harmful ones. Its other markets include electronics, in multilayer ceramic capacitors and plating, dentistry, and chemical catalysts for hydrogenation and plastics production. As electric vehicles gain share, its long-term demand depends on how quickly petrol engines fade.

Other uses

• Hydrogen purification and storage
• Chemical catalysts for plastics and fibres
• Jewellery and investment bars and coins
• Electrical contacts and sensors

Palladium supply comes mainly from Russia and South Africa, as a by-product of nickel and platinum mining, which makes the market sensitive to sanctions, power cuts and mine problems. Demand is dominated by catalytic converters for petrol cars, so the rise of electric vehicles is a long-term headwind, partly offset by hybrids and the substitution of platinum.

What moves the price

• Petrol and hybrid car production
• Russian supply and sanctions risk
• South African mining and power supply
• Substitution between palladium and platinum in catalysts

Palladium's price more than tripled between 2016 and 2020 as tightening emissions rules and a run of supply deficits squeezed the market, and it reached record highs in 2022 after the invasion of Ukraine raised fears over Russian supply. Prices then fell steeply as car demand weakened and the shift to electric vehicles became clearer.

As of October 2026, the Stockatomics benchmark price is $41,504 per kg contained.

Russia and South Africa produce most of the world's palladium: Russia from the nickel-copper mines of the Norilsk region, South Africa from the platinum mines of the Bushveld Complex. Canada, the United States, through the Stillwater mines in Montana, and Zimbabwe make up most of the rest.

Palladium is on the US critical minerals list, and the platinum group metals are on the EU critical raw materials list. Autocatalysts still depend on it, and supply is concentrated in Russia and South Africa.

Stockatomics publishes a monthly US benchmark price for palladium in US dollars per kg contained, reading as of October 2026. The price is for contained palladium metal, not for a catalytic converter.

Converting the price

• Per troy ounce, the unit used for precious metals: divide the price per kg by 32.15